Car Hire Excess Cover

What is Car Hire Excess Insurance

If you are planning to hire a car for your next holiday, leisure or business trip then you might like to consider purchasing Car Hire Excess Insurance before you arrive at the rental desk.

If you damage your rental vehicle, write it off or it gets stolen you will be asked to pay the first amount of the loss - called the "Excess". This can be 1000 upwards. Car Hire company companies will entice you to pay more money to bring this "Excess" to 0. However beware as the cost of this additional protection is often extremely high and can be as much as 15 per day!

Through our website you can buy this protection separately before you travel and make substantial savings whilst at the same time giving you peace of mind that if your hire car is damaged your excess policy will reimburse the excess taken by the rental company.

Car hire excess insurance can be purchased as a daily policy to cover you for the duration of your single vehicle rental/trip or we can provide you with an annual policy. The cover is then separated into two categories, European and Worldwide - depending on where you are travelling to.

IMPORTANT: Our product is designed to cover the excess charged by a rental company. Our product is not a replacement for the motor insurance cover on the rental vehicle, often referred to as Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW).

Car Hire Excess explained further...

It can be quite confusing to understand all the terminology used by car rental companies. What is CDW? Do I need CDW? Let us explain further...

When renting a vehicle you will see the rental company referring to terms such as Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW). CDW/LDW is a form of motor insurance on the rental vehicle, so if you damage the vehicle the rental company will not charge you for the full cost of the repair or for the value of the car if it is stolen or written off. In many European countries it is a legal requirement for the rental company to include CDW/LDW as part of your rental agreement so that you are covered for damages and accidents. However rental companies will still make you responsible for the first part of any damage caused, known as an excess and may also not cover damage to tyres, windscreens, undercarriage of the vehicle or loss of keys for example. The excess that rental companies can make you responsible for can be anything up to 2,000.

When you arrive at the rental desk to collect your vehicle the rental company will explain that there is an excess to pay on the vehicle if you damage it or write it off. However they will offer to bring the excess down to 0 if you pay an additional daily fee. This can be as much as 15 per day, which is very expensive especially if you are renting for a number of days. Our car hire excess insurance allows you to purchase this protection before you arrive at the rental desk allowing you to save money, give you peace of mind and not be forced to buy the rental companies expensive cover. So when you arrive at the rental desk you can decline the additional daily fee from the rental company in the safe knowledge that with our policy your excess will be reimbursed. Terms and conditions do apply.

We recommend that you always check that your car hire agreement includes CDW/LDW otherwise in the event of a total loss (e.g. fire, theft, road traffic accident resulting in a write off) you as the renter could be responsible for repaying the rental company the full value of the vehicle.

Travelling to America or outside Europe? Please read the following...

When renting a vehicle in certain parts of America and possibly some countries outside of Europe CDW/LDW is not included automatically as part of your rental. The rental company will sell this to you separately. It is important to note that our policy is not a replacement for your CDW/LDW cover. You should still purchase CDW/LDWs from the rental company or a specialist provider. If you do not purchase this cover and the rental vehicle is stolen, or damaged by accident, vandalism etc you, the renter, will have to pay to the rental company the full cost of the repair or the full value of the vehicle if it is written off /stolen. Once purchased the CDW/LDW will still have an Excess where you are responsible for the first part of the damage. This is where our policy can help, by protecting this potential excess payment. Please always check your rental agreement before travelling to ensure that you have motor insurance cover on the rental vehicle i.e. Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW).

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